Senior Secured Corporate Bond
Outlook: No Trend
Action date: 07/08/2022
Rating action: Affirmed

INMOBILIARIA DEL SUR SA

EthiFinance Ratings affirms Grupo Insur s bond issue rating at "BBB-". In December 2021, the group issued a bond secured in the MARF for an amount of € 30MM, bullet amortization and maturity in 5 years. This financing will be used for the acquisition of land and plots in order to take advantage of growth opportunities in the sector. This issue has a 100% coverage rate supported both by the assigned collateral (acquired lots) and by the valuation and assets presented by the group.

Rating

ISIN: ES0305626006
Solicited
Date last rating: 07/08/2022
Date first rating: 10/21/2021